Business For Sale Norway | Business For Sale Listings
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Get to Know About Norway
Norway is a country situated in Northern Europe. It is west of Sweden, north of Denmark and east of Iceland. It covers a total land area of 385,207 square kilometers and has a population of 5,328,212 Norwegians. The capital is Oslo, which is also the largest city, and citizens use Norwegian and Sámi languages when conversing with one another. The Norwegian krone is their national currency, which they use to buy goods and services. Norway has four distinct seasons: winter, spring, summer, and autumn.
In 2018, Norway’s Gross Domestic Product (GDP) was worth 434.75 billion US dollars, and the GDP per capita was $92,121.40. The Corporate Tax Rate stands at 22 percent, leaving 80 percent to the companies’ net income.
Doing business in Norway is more comfortable compared with other countries. According to the latest annual ratings of World Bank, Norway is ranked seventh among 190 economies in the ease of doing business index. Nationals from Schengen countries do not need a visa to enter the nation while foreign nationals should obtain one. And that visa is valid up to 90 days, beyond that you need to apply for a different visa which depends on your specific purpose.
There are also challenges living in Norway, and that includes the cost of living since the country is one of the most expensive countries in the world. Another one is climate conditions since it is near to the Arctic Ocean (think about the ice). Also, language difference can be a concern for English native speakers. Apart from that, the country has a very high standard of living (see the GDP per capita) compared with other European countries. Additionally, a strongly integrated welfare system promotes equal opportunity and equitable distribution of wealth of the well-being of the citizens.